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RERA Updates

By May 8, 2017 December 20th, 2019 One Comment

Real Estate (Regulation and Development) Act, 2016
(the ‘Act’ or ‘RERA’) is an important and much talked about piece of legislation
for the real estate sector of India. RERA proposes to establish a
Real Estate Regulatory
Authority for regulation and promotion of the real estate sector and to ensure
sale of plot, apartment or building or sale of real estate project, in an
efficient and transparent manner. Further, the Act proposes to protect the interest
of consumers in the real estate sector and to establish an adjudicating
mechanism for speedy dispute redressal.

The
Act partially came into force on April 4, 2016 and since then various states
have formulated their respective rules under the Act for implementation of the
Act in the respective states.

Under RERA
Updates, we will provide a snapshot of what latest is happening. This note will
provide a date wise implementation of the Rules by various states, following by
updates commencing from April, 2017. 

Date
State/UT
Relevant
Rules/notifications
4 April, 2016
_
October 22/26, 2016
Madhya Pradesh
October 27, 2016
Uttar Pradesh
October 29, 2016
Gujarat
October 29, 2016
Gujarat
October 31, 2016
Lakshadweep
October 31, 2016
Daman & Diu
October 31, 2016
Dadra and Nagar Haveli
October 31, 2016
Chandigarh
October 31, 2016
Andaman and Nicobar Islands
November 4, 2016
Karnataka
21st November,
2016
National
Capital Territory of Delhi
Until the
establishment of Regulatory Authority in National Capital Territory of Delhi,
the Ministry of Urban Development hereby designates Vice Chairman, Delhi
Development Authority as the Regulatory Authority
November 24, 2016
National
Capital Territory of Delhi
National Capital
Territory of Delhi Real Estate (Regulation and Development) (Agreement for
Sale) Rules, 2016
National
Capital Territory of Delhi Real Estate (Regulation and Development)
(Agreement to Sell) Rules, 2016

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